Personal Finance is an umbrella term covering areas of finance that aren’t business. Generally it covers business-like decisions made by individuals that impacts their net worth over time. This also includes things like insurance, that helps you hedge risks in the future, as well as budgets and tax decisions.

Managing Personal Finances from Beach

One of the most clever lines said was by Dave Ramsey, who focuses on the personal finance decisions of the middle class, reaching them through civic institutions, churches, and other community organizations. He said that personal finance is “20% head knowledge and 80% behavior” – most of us can do the math but building net worth requires actually complying with the math.

One reason that the Profit First System is so highly effective is that it utilizes some of the personal finance tricks people use to make better financial decisions into a small business setting. Regardless of the business entities business structure, owner operated firms often act more like extensions of the household then their own distinct business unit. One of the reasons we separate our accounting packages from the owner-operated set of Starter and Profit First from our Fractional Controller and Fractional CFO Plans is that psychological condition. Larger manager managed firms have decisions made by agents pursuing their own agendas, while owner-operated firms often intersect their personal finance and business goals.

Managing personal and business debts, developing a solid retirement savings strategy, and paying yourself first from your business earnings are all critical decisions made at the business level that impacts the health of your personal finances.

Is the Internet Broken?

By |2021-07-22T14:49:25-04:00July 22nd, 2021|Categories: Other Perspectives|Tags: , , , |

It's the end of the world as we know it, just kidding. A glitch in our internet infrastructure has caused many to panic, but I'm here to clear up any confusion about why this happened and discuss what Twitter is saying about it in this social media round-up.

Retirement Planning – Seth Bassoff

By |2021-05-14T11:57:21-04:00May 14th, 2021|Categories: #FinanceFriday|Tags: , , , , , , |

Retirement planning can seem boring, but when you have our #FinanceFriday guest Seth Bassoff CEPA®, APMA®, CRPS®, CRPC®, RFC® on your side, you can do some very cool things. Come check us out on this #FinanceFriday video.

Stimulus Money & Spending Habits

By |2021-04-15T10:22:07-04:00April 15th, 2021|Categories: Other Perspectives|Tags: , , , , , |

Stimulus money, stimulus checks, economic relief payments, no matter what you call it, you know that the world has been waiting for this money. Now, Coronavirus and its effect have been nothing short of devastating; however, I believe the only silver lining might be the stimulus checks. So far Americans, who are eligible, should have received three stimulus checks totaling $3200.00. With all this "unearned" money hitting our bank accounts, it begs the question, "What are people spending their Stimulus Checks on?" Well, I did some digging across Twitter and Tiktok and found some savvy spenders, some not-so-smart spenders, and some that made me laugh out loud. Let's take a look at this social media round-up. 

Robo Advising and Investing and Artificial Intelligence (AI) on #FinanceFriday with Roy Esh

By |2021-03-30T23:39:17-04:00March 11th, 2021|Categories: #FinanceFriday|Tags: , , |

Roy Esh discusses investing and wealth management in a world of Robo Advisors, Artificial Intelligence, and scandalous actions like Robinhood Markets.

Outsourcing Accounting Video

By |2021-02-25T15:13:00-05:00February 23rd, 2021|Categories: Quickies with Bette|Tags: , , , , , , |

Today we will discuss how you can better enjoy your life by outsourcing accounting. Welcome to your Monday morning at Business Quickie with Bette. How can a service like outsource accounting help you enjoy your life? Well, I will tell you.

What You Should Know Before You Move To Florida.

By |2021-02-05T11:38:16-05:00February 4th, 2021|Categories: Quickies with Bette|Tags: , , , , , |

Did you move to Florida during the pandemic? Well, we see you and want to prepare you with some tips and tricks in regards to documenting your move so you can avoid those pesky state taxes.

50 Cent Files for Bankruptcy – #FinanceFriday Lessons

By |2021-03-01T22:39:57-05:00July 17th, 2015|Categories: #FinanceFriday|Tags: , , |

Curtis James Jackson III, AKA 50 Cent, filed for bankruptcy. Despite a Net Worth of $155 million a few months prior, he now lists assets and debts between $10 and $50 Million. Individuals who quickly make huge sums of money in a short time (think pro athletes, lottery winners), forget that the level of income will not go on forever.

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